Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching GM Closes Factories- Econ in Real Life. and this video is uploaded by Jacob Clifford at 2018-11-29T16:25:53-08:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [_0eGegYjBRs]
| Name | GM Closes Factories- Econ in Real Life |
| Video Uploader | Video From Jacob Clifford |
| Upload Date | This Video Uploaded At 30-11-2018 00:25:53 |
| Video Discription | This week GM announced that they will close five factories in the USA and Canada. Over 14,000 workers will lose their jobs and thousands more will be negatively affected. But why? And, who is to blame? Well they are closing these car plants for of the same reason that Google stopped making google glasses. In this videos I explain how firms make the decision to discontinue a product, leave a market, or close their doors. It all comes down to costs, benefits, and ignoring sunk costs. And who is to blame? You have to watch the video. Thanks for watching. Please subscribe and let me know if you like these type of "current event" videos. Thanks again. You rock! Check out the Ultimate Review Packet www.ultimatereviewpacket.com [_0eGegYjBRs] |
| Category | Education |
| Tags | GM | factories | trump | cars | sunk cost | costs |
